Yojee Limited Appoints David Morton to its Advisory Board Team

Yojee Limited (ASX: YOJ) is a new, future-ready platform technology solutions provider. It develops delivery network and blockchain technology platforms. Its software uses artificial intelligence (AI) along with machine learning. The company aims to deliver powerful logistics and supply chain management capabilities through its blockchain secured software and expansive partner network. YOJ caters to South East Asia and Australia and is headquartered in Subiaco, Western Australia.

The company focusses on empowering small and medium enterprises, to meet their efficiencies. It helps the large multi-nationals to transition into the technological advancements. The company understands the power of collaborative economy and aids its partners in achieving their goals.

Few products of the company include Logistics operations, Driver solutions and Partner management. Few industries that use YOJ’s services are banking, F&B, global freight and bike courier.

On 17th May 2019, the company stated that it had made a new appointment to its recently announced Advisory board team. YOJ appointed David Morton to the team Advisory Board and this appointment is the final appointment to the existing Advisory Board. The appointment has fulfilled the strategic and operational growth focus of YOJ for 2019.

David Morton is an experienced Corporate Banker and has had a successful career of 40 years at Westpac Banking Corporation (ASX: WBC) and HSBC. He has built and restructured businesses to combat volatile situations. He has worked in Vietnam, Malaysia and Hong Kong for 12 years serving Pan Asian roles of Managing Director, Head of Corporate, Financials and Multinationals Banking, Asia-Pacific. Post this, he has returned to Australia, bringing in strong, authentic leadership skills across a wide range of businesses, cultures and geographies.

David Morton is a graduate from GAICD and has a Business Studies degree (Accounting) from Victoria University. Apart from this, he has also attended the Advanced Management program at Insead, Fontainebleu, France.

Commenting on his appointment, he expressed his excitement to assist the company in executing its strategies within the Asian region and scale it across the globe.

On the appointment of the advisory board, MD Ed Clarke said that the appointment of David Morton is an add on to the company’s talent pool of technology, supply chain, automation, finance and capital markets. The strong Advisory board would work towards growth and provide public market strategy and strong corporate governance.

On 15th May 2019, the company announced a 3-year master services agreement with global logistics provider Geodis Singapore Pte Ltd. This agreement is in alignment with the company’s pricing model utilising SaaS for domestic as well as cross-border logistics in the Asia Pacific.

The below table outlines the cash flow statement details of the company, as released for the quarter ending 31st March 2019:

Share Price Information:

YOJ shares closed the day’s trade flat at A$0.110 (As on 17th May 2019). The market capitalisation of the company is A$93.22 million. The 52-week high and low is A$0.175 and A$0.055 respectively. In the last one year, the stock has delivered a return of -15.38%, and the YTD return stands at a much better position of 80.33%.


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